Used business aircraft market values have soared above pre-Covid levels. That’s according to the latest resale market update from business aircraft market research firm Amstat (Booth 1845). For the first eight months of 2021, resale retail transactions are up 57 percent over the same period in 2020 and up 47 percent versus the same period in 2019. Concurrently, the inventory of available preowned jets and turboprops has shrunk by 42 percent, and strong demand and shrinking supply are propelling values back to, and in some cases above, their pre-Covid levels.
Heavy business jet short-term median value is up 19 percent in the last 12 months and fully 8 percent above pre-covid levels, with transaction activity increasing by 49 percent in the first eight months of 2021 compared with the same period in 2020 and up 31 percent over the same period in 2019. Meanwhile, heavy jet inventory is down 41 percent year-over-year. Short-term median values of super-midsize jets rose by 25 percent in the last 12 months and are 6 percent higher than in January 2020.
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